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The Autumn Budget has raised some concerns within the hospitality sector. With rising National Insurance contributions, business rates, and higher wage costs, many in hospitality fear that 2025 will be a challenging year. The budget includes some support - such as extended business rates relief and reduced alcohol duty for pubs - but industry leaders worry it may not be enough for small businesses to cope with the additional costs. Click here to learn more: https://heyor.ca/eKanjs #AutumnBudget2024 #HospitalityIndustry #NationalInsurance #UKHospitality

Tried my best to keep it precise :) Today I will be talking about something which is quite crucial to the hospitality industry in the United Kingdom! 🇬🇧 🔍My Key Takeaways from the 2024 Autumn Budget for Hospitality: - 📈Rising Costs: The National Living Wage increase to £12.21/hour and higher National Insurance Contributions mean more expenses for hospitality businesses. This could lead to price hikes or cost-cutting measures, including reduced hours and staff cuts. - 🏢Business Rates Relief: The extension of business rates relief for hospitality venues is a win, helping smaller businesses stay afloat amidst rising costs. - 🍺Alcohol Duty Changes: A cut in draught beer duty helps pubs, but higher duties on spirits and bottled drinks could impact bars and restaurants that rely on these products. - 💸Financial Pressure: The sector faces an additional £3 billion in costs annually, adding strain on already tight margins. Overall, the budget strikes a balance but leaves the industry navigating some tough financial challenges. Feel free to share your insights in the comments section, would be more than happy to learn more about the same! 🌟 #UKHospitality #Hospitality #Hotels #Budget #Insights #Staff

It's still a scary time out there... there's a huge number of companies who just can't deal with the costs. Let's not forget it moves down the chain too, we see first hand as a commercial laundry customers terminating accounts and moving onto other ventures as they just can't continue with the spiralling costs across the industry. #hospitality #hospitalityindustry #laundry #budget2024

The Scottish hospitality sector faces challenges that put it at risk of falling behind counterparts in England. One of this biggest concerns is, as we have said on many occasions, the outdated 170 year old NDR policy. It's crucial that in the upcoming Scottish budget, that hospitality is given a short term fix for the year ahead, with a 35p poundage rate, which would give the sector some confidence on two fronts: 1: To help the business stem continual cash burn, and allow for a period of stability, helping in some ways the profitability of the business, as we now look towards higher costs post UK government budget 2: To give the hospitality sector some confidence that they are being listened to by The Scottish Government 3: To allow time over the next year to work back from the 2026 revaluations, to bring in a better and more fairer system for the sector. The Scottish Hospitality Group reaffirmed its commitment to working with The Scottish Government on this, as discussed at a recent meeting with Deputy First Minister Kate Forbes MSP

The hospitality industry is pushing for big changes! UKHospitality is calling for lower business rates and VAT to help ease the financial strain businesses are feeling. With rising costs still a challenge after the pandemic, these changes could make a huge difference. By reducing these rates, many hospitality companies could see a significant drop in their operational expenses, allowing them to remain competitive and profitable. This change would help ease the strain that high taxes and rates put on businesses. Find out more about these lobbying efforts and how they could impact the industry in this article: https://shorturl.at/btlqe #StaffingSolutions #HospoCommunity #BusinessRates #ResolveUK

The hospitality industry is pushing for big changes! UKHospitality is calling for lower business rates and VAT to help ease the financial strain businesses are feeling. With rising costs still a challenge after the pandemic, these changes could make a huge difference. By reducing these rates, many hospitality companies could see a significant drop in their operational expenses, allowing them to remain competitive and profitable. This change would help ease the strain that high taxes and rates put on businesses. Find out more about these lobbying efforts and how they could impact the industry in this article: https://shorturl.at/btlqe #StaffingSolutions #HospoCommunity #BusinessRates #ResolveUK

Labour's recent budget has brought mixed news for the hospitality industry. While there's some relief in the form of reduced draught beer duty, increased labour costs and business rates pose significant challenges. To navigate these challenges, hospitality businesses must adapt and implement strategies to maintain profitability. Our blog post explores these issues in detail and offers insights into how your business can weather the storm. https://lnkd.in/ecHrjbrK

More than 75% of those in hospitality consider a VAT cut to be critical to their survival according to a new survey by the National Caterers' Association. The sector is calling for action to safeguard the future of thousands of small businesses. 80% said the autumn 23 budget did not help them at all and 37% said they wold struggle to operate in next 12 months. It's a difficult mesage to hear from the sector particuarly when food and drink businesses are seen to be vital to the regeneration of our high streets. Are you operating in this sector? what's your experience? #hospitality #hospitalityVAT

The Spring Budget brings new hopes and challenges for hospitality businesses. Dive into the implications and strategic responses for the sector's growth. #HospitalityIndustry #SpringBudget #BusinessGrowth #IndustryChallenges #StrategicPlanning

The issue around Non-Domestic rates has long been a headache for hospitality businesses in Scotland. The unfairness forced on the sector in comparison to other sectors, but also in to rGB is clear. The policy which is over 170 years old is clearly unfit for purpose. SHG is, and continue to be at the heart of Scottish Government discussions around the changes needed to make this a fairer system. The Scottish Hospitality Group